Notice of Postal Ballot of Eco Hotels and Resorts Limited - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Eco Hotels and Resorts has issued a postal ballot notice seeking shareholder approval for two key resolutions. First, the appointment of M/s. K. M. Garg & Co., Chartered Accountants as the new Statutory Auditor to fill the casual vacancy left by the resignation of Mr. Girish L. Sethia, Chartered Accountants, effective November 12, 2025; the audit fee is set at Rs. 3.50 lakh per annum with no material change from the previous auditor. Second, the appointment of Mr. Vikram Kantilal Doshi (DIN: 07546623) as a Whole-Time Director designated as 'Director - Finance' for three years from October 13, 2025 to October 12, 2028, with an annual remuneration of Rs. 59.89 lakh plus ESOPs. Mr. Doshi, aged 39, is a Chartered Accountant and Company Secretary, currently serving as the company's CFO since January 2023, with prior experience at Nayara Energy, Ernst & Young, and Reliance Capital, and holds 152,646 shares in the company. The e-voting window runs from December 4, 2025 to January 2, 2026.
Shareholders should note that the statutory auditor resigned less than two months after being re-appointed at the September 2025 AGM, which may warrant scrutiny into the reasons. The CFO is being elevated to the board as a Whole-Time Director, signalling continuity in financial leadership with a remuneration of nearly Rs. 60 lakh per annum plus stock options. Both resolutions require shareholder approval through remote e-voting, and outcomes will be announced within two working days after voting closes.